South Carolina General Assembly
116th Session, 2005-2006

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Bill 4474

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COMMITTEE REPORT

March 15, 2006

H. 4474

Introduced by Rep. Cooper

S. Printed 3/15/06--S.

Read the first time February 14, 2006.

            

THE COMMITTEE ON FINANCE

To whom was referred a Joint Resolution (H. 4474) to clarify the State Budget and Control Board's action taken on November 1, 2005, relating to the Second Injury, etc., respectfully

REPORT:

That they have duly and carefully considered the same and recommend that the same do pass:

HUGH K. LEATHERMAN, SR. for Committee.

            

A JOINT RESOLUTION

TO CLARIFY THE STATE BUDGET AND CONTROL BOARD'S ACTION TAKEN ON NOVEMBER 1, 2005, RELATING TO THE SECOND INJURY FUND'S ASSESSMENT.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    The purpose of this joint resolution is to clarify the November 1, 2005, action of the State Budget and Control Board relating to the Second Injury Fund's assessment.

SECTION    2.    The State Budget and Control Board requests that the Second Injury Fund make due immediately and payable only fifty percent of the amount assessed; and the Fund make due and payable the remaining fifty percent of the amount assessed only if and when the State Budget and Control Board determines that fiscal year to date Fund disbursements project a Fund balance of less than fifty million dollars to occur before June 30, 2006.

SECTION    3.    This joint resolution takes effect upon approval by the Governor.

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